Morning all!

Headlam ( Headlam (LON:HEAD) ) – 466p – £387m – PER 11.8

AGM Statement And Trading Update For The 1st 4 Months Of The Year – LFL Revenue up 3.5%, FY expectations unchanged, reliant on a typically stronger H2.

The growth here is not exactly stellar but the yield and ability to pay that yield seems to be providing support – A potential for income (with small growth perhaps).

Luceco ( Luceco (LON:LUCE) ) – 102p – £164m – PER 16.1

AGM Statement And Trading Update For The 1st 4 Months Of The Year – Trading momentum continues and expects FY to be materially ahead of current market expectations.

Going to take this off my Avoid list (it had been on there since price collapsed at the end of 2017) – I will keep an eye out for upgrades, up 3 fold from the low now.

Mothercare ( Mothercare (LON:MTC) ) – 20p – £69m – PER 35.8

Results For The 12 Months To End March 2019 – Revenue down -13.5% (from £654.5m to £566.3m), LBT down -19.9% (from £72.8m to £87.3m) – Ongoing operation figures slightly better. Net Debt at £6.9m (£44.1m last time).

Has a corner been turned here? I don't (think so) know! Anyway, I still don't see a long term future here – Need kids or baby stuff, Amazon, Simples! Remains on my Avoid list. 

As always, all comment most welcome!

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